Los Angeles County Development Authority
Budget and Financial Analyst IV
Los Angeles County Development Authority, Alhambra, California, us, 91802
Salary :
$91,915.24 - $135,147.51 Annually
Location :
Alhambra, CA
Job Type:
Regular
Remote Employment:
Flexible/Hybrid
Job Number:
24061-I
Division:
Finance & Budget
Opening Date:
08/30/2024
Closing Date:
9/23/2024 11:59 PM Pacific
Description
ANALYST IV (BUDGET AND FINANCIAL ANALYST IV)
$91,915 - $135,147 Annually (DOQ)
REGULAR POSITION
LACDA Overview
The LACDA is a dynamic, innovative agency created in 1982 by the Board of Supervisors to generate affordable housing and economic redevelopment throughout Los Angeles County and participating cities. Funded primarily with federal grants, the LACDA is an industry leader in sponsoring new solutions to housing and forming partnerships with private and public agencies. To find out more about the LACDA, please visit our website.
Finance and Budget (FAB) Division Overview
The FAB division is responsible for the preparation and administration of the agency's budget and its review process; providing timely financial information to the public, Board of Supervisors/Commissioners, Executive Office, and agency divisions; and identifying and implementing best practices, allocation methodologies, cash management, debt administration, capital assets, financial reporting, and the efficient use of public investments.
Position Overview
Under general supervision from assigned supervisory and/or management personnel, this position is responsible for developing, analyzing, and monitoring budget plans to ensure the efficient resource allocation. The role involves preparing detailed financial reports, preparing Board Letters and Funding Agreements, monitoring expenditures, and collaborating with various internal departments and external organizations to support the financial health of LACDA.
Essential Job Duties
The below statements are intended to describe the general nature and scope of work performed by this position. This is not a complete listing of all responsibilities, duties and/or skills required. Other duties may be assigned.
Provide guidance, direction and support in the development of annual budgets in collaboration with department heads and the budget analysts.Proactively monitor budget implementation and ensure budget compliance.Monitor and manage budget allocations and position control.Perform complex financial analysis.Review check requests, purchase orders, position requests to ensure they are assigned to the correct cost center, are within budget authority, and comply with grant allocation.Lead, coordinate, and perform quarterly review, prepare detailed financial reports, forecasts, and analysis.Analyze financial data to identify trends, variances, and opportunities for cost savings.Identify and resolve complex budgetary and financial issues and problems.Ensure adherence to financial policies, procedures, and regulatory requirements.Collaborate with internal and external departments in drafting of contracts/funding agreements.Conduct cost-benefit analyses for proposed projects and initiatives.Assist in internal and external financial audits.Prepare internal and external billings.Prepare journal entries.Perform general budget duties involving review and approval of budget amendments, board letters, and personnel requests.Provide training and guidance to division analysts.Prepare and present reports and analysis to management and/or other stakeholders.Assist in the development and implementation of financial software and tools.Provide various ad-hoc financial analysis as requested.Perform other duties as assigned.Essential Knowledge, Skills, and Abilities
Knowledge of:Budget development, monitoring, and reporting principles and practices.General accounting principles and practices.Financial analysis and modeling methods and tools.Skilled in:Conducting financial analyses, drafting written reports, interpreting regulations, assisting internal and external clients, and reviewing of contract documents.Communicating effectively both orally and in writing.Establishing cooperative working relationships with internal staff, funded agencies, and clients.Strong analytical and research skills.Web-based systems, and Microsoft Office products including Excel, Word, and PowerPoint.Working with PeopleSoft Financials and BOARD MIT budget system, or other major financial systems is highly desirable.Ability to:Perform complex and multiple assignments concurrently while still maintaining attention to detail.Lead, organize, and review the work of staff.Manage a project or assignment from inception to completion.Organize and prioritize multiple assignments, work with limited supervision, and make sound independent decisions.Independently perform special studies and other assignments involving collection, organization, and analysis of data.Understand, interpret and apply policies, procedures, laws and regulations to federal, state, and local funded programs.Maintain confidentiality.Complete tasks accurately and in a timely manner.Prepare clear, accurate, and concise tables, schedules, summaries, and other materials in statistical and narrative form.
Qualifications
Minimum QualificationsAny combination of education and/or experience that provides the required knowledge, skills, and abilities to perform the essential functions of the position. Experience, as outlined below, may be substituted for required education on a year-for-year basis.
OPTION 1:Graduation from an accredited four-year college or university with a major in business administration, finance, accounting, or related field, along with eight (8) years of experience as a Budget/Financial Analyst or in a similar role involving accounting, reconciliation, budgeting, audit, and/or grant management in public, non-profit, and/or private sectors, including three (3) years of supervisory-level or lead experience.
OPTION 2:Ten (10) years of experience as a Budget/Financial Analyst or in a similar role involving accounting, reconciliation, budgeting, audit, and/or grant management in public, non-profit, and/or private sectors, including three (3) years of supervisory-level or lead experience.
Desirable QualificationsExperience in budget development.Experience in grant management.Experience with federal and state programs.Experience in the development of cost allocation models.
Additional Information
Equal OpportunityThe LACDA is an equal opportunity employer. We are committed to creating a workplace culture that embraces diversity, equity, and inclusion to advance our mission of building better lives and better neighborhoods.
Reasonable AccommodationIf you are an individual with a disability and need to request reasonable accommodations under the Americans with Disabilities Act (ADA), please call the LACDA, Human Resources at (626) 586-1687 or via email.
Application ProcessTo be considered, all applicants are required to apply online by the filing deadline. Applications will be reviewed for possession of minimum qualifications and evaluated according to the essential functions of the job. In the Work Experience section of the application, applicants must demonstrate their experience by providing a clear description of the work performed as it relates to the position. Each job held must include the dates of employment, name and address of the employer, position title, hours per week, and supervisor. Please note resumes will not be reviewed to determine qualifications.
Supplemental questions are considered a part of the application process and must be carefully answered. All required questions must be completed before the application can be submitted. The supplemental questions will be used to evaluate the applicant's education, training, and experience. Depending on the size of the applicant pool, the supplemental questions may be used as part of the supplemental screening.
To receive credit for required education, applicants must attach a copy of their degree or official/unofficial transcripts. Please note foreign degrees (or degrees completed outside of the United States) require an evaluation of U.S. equivalency conducted by a credential evaluation service.
Please include three (3) professional references in the "Reference" section of your application. Failure to comply with this application process may result in disqualification.
Screening and Selection ProcessFollowing the review of application materials, the most qualified candidates will be contacted via email and text messaging, if elected, for an assessment test and/or interview. Please check the email account provided on the application for important communications regarding the status of your application and/or next steps.
Salary CompensationSalary compensation is dependent on qualifications (experience, education, knowledge, skills, and abilities). Initial salary placement is generally made between the start and mid-point of the posted range. New hires are not eligible to start at the maximum of the posted range.
Conditions of EmploymentCandidates selected from the process will receive a conditional offer of employment contingent upon successful completion of satisfactory reference checks, a post-offer medical examination, and criminal background check. Background check information will be considered in determining the applicant's suitability for the position.
Candidates must possess a valid California Class C Driver's License, an acceptable driving record, and must comply with the LACDA's Motor Vehicle Safety Policy during employment.
Failure to meet these pre-employment requirements will be grounds for withdrawal of the conditional offer of employment.
Proof of authorization to work in the United States will be required at the time of hire.
Employment with the LACDA is at-will and may be terminated at any time with or without cause.
FILING DEADLINE: MONDAY, SEPTEMBER 23, 2024 @ 11:59 PMAPPLY IMMEDIATELY, POSITION MAY CLOSE WITHOUT PRIOR NOTICE.
RECRUITMENT NUMBER: 24061-I
As a regular full-time employee you are eligible to receive the following benefits offered by the Los Angeles County Development Authority (LACDA):Thirteen paid holidays*Ten days (80 hours) of Vacation based on years of service up to twenty days (160 hours) of vacation time subject to the conditions listed under LACDA Provided LeaveTwelve days (96 hours) of sick time subject to the conditions listed under LACDA Provided LeaveOne (8 hour) floating holiday (must be utilized by December 31)$10,000 group Term Life and Accidental Death & Dismemberment Insurance PolicyShort term and long term disability insurancePaid jury duty and witness leave up to 176 hours per yearPaid bereavement leave up to three days is permitted in the event of death of an immediate family memberMedical / Dental / VisionFlexible Spending Accounts (Health Care & Dependent Care)Supplemental Employee and Dependent Life InsuranceEmployee and Family Accidental Death & Dismemberment InsuranceEmployee Assistance ProgramCalPERS457 Deferred Compensation PlanBilingual Pay (if applicable)
In addition to the above, the LACDA's Flexible Benefits Plan is authorized under Section 125 of the Internal Revenue Code, and permits employees to use pre-tax dollars to pay for their portion of the cost of benefits under the Plan through "Salary Redirection" arrangements.
As part of this plan the LACDA will contribute $1000.00 per month, effective on the first (1st) of the month following the completion of one (1) full month of compensated service.
CalPERS:
Classic Members
Members who established membership prior to January 1, 2013Employee Contribution is 7% of base salary: Member contribute 2.5% of base salary and LACDA Contributions 4.5% of base salaryLACDA Benefit Factor: 2% at age 60
PEPRA Members
Members who established membership after January 1, 2013Employee Contribution is 8.25% of base salaryLACDA Benefit Factor: 2% at age 62
*Traffic Court Specialist (TCS) employees receive one additional holiday.
For additional benefits information, please visit our website - www.lacda.org#J-18808-Ljbffr
$91,915.24 - $135,147.51 Annually
Location :
Alhambra, CA
Job Type:
Regular
Remote Employment:
Flexible/Hybrid
Job Number:
24061-I
Division:
Finance & Budget
Opening Date:
08/30/2024
Closing Date:
9/23/2024 11:59 PM Pacific
Description
ANALYST IV (BUDGET AND FINANCIAL ANALYST IV)
$91,915 - $135,147 Annually (DOQ)
REGULAR POSITION
LACDA Overview
The LACDA is a dynamic, innovative agency created in 1982 by the Board of Supervisors to generate affordable housing and economic redevelopment throughout Los Angeles County and participating cities. Funded primarily with federal grants, the LACDA is an industry leader in sponsoring new solutions to housing and forming partnerships with private and public agencies. To find out more about the LACDA, please visit our website.
Finance and Budget (FAB) Division Overview
The FAB division is responsible for the preparation and administration of the agency's budget and its review process; providing timely financial information to the public, Board of Supervisors/Commissioners, Executive Office, and agency divisions; and identifying and implementing best practices, allocation methodologies, cash management, debt administration, capital assets, financial reporting, and the efficient use of public investments.
Position Overview
Under general supervision from assigned supervisory and/or management personnel, this position is responsible for developing, analyzing, and monitoring budget plans to ensure the efficient resource allocation. The role involves preparing detailed financial reports, preparing Board Letters and Funding Agreements, monitoring expenditures, and collaborating with various internal departments and external organizations to support the financial health of LACDA.
Essential Job Duties
The below statements are intended to describe the general nature and scope of work performed by this position. This is not a complete listing of all responsibilities, duties and/or skills required. Other duties may be assigned.
Provide guidance, direction and support in the development of annual budgets in collaboration with department heads and the budget analysts.Proactively monitor budget implementation and ensure budget compliance.Monitor and manage budget allocations and position control.Perform complex financial analysis.Review check requests, purchase orders, position requests to ensure they are assigned to the correct cost center, are within budget authority, and comply with grant allocation.Lead, coordinate, and perform quarterly review, prepare detailed financial reports, forecasts, and analysis.Analyze financial data to identify trends, variances, and opportunities for cost savings.Identify and resolve complex budgetary and financial issues and problems.Ensure adherence to financial policies, procedures, and regulatory requirements.Collaborate with internal and external departments in drafting of contracts/funding agreements.Conduct cost-benefit analyses for proposed projects and initiatives.Assist in internal and external financial audits.Prepare internal and external billings.Prepare journal entries.Perform general budget duties involving review and approval of budget amendments, board letters, and personnel requests.Provide training and guidance to division analysts.Prepare and present reports and analysis to management and/or other stakeholders.Assist in the development and implementation of financial software and tools.Provide various ad-hoc financial analysis as requested.Perform other duties as assigned.Essential Knowledge, Skills, and Abilities
Knowledge of:Budget development, monitoring, and reporting principles and practices.General accounting principles and practices.Financial analysis and modeling methods and tools.Skilled in:Conducting financial analyses, drafting written reports, interpreting regulations, assisting internal and external clients, and reviewing of contract documents.Communicating effectively both orally and in writing.Establishing cooperative working relationships with internal staff, funded agencies, and clients.Strong analytical and research skills.Web-based systems, and Microsoft Office products including Excel, Word, and PowerPoint.Working with PeopleSoft Financials and BOARD MIT budget system, or other major financial systems is highly desirable.Ability to:Perform complex and multiple assignments concurrently while still maintaining attention to detail.Lead, organize, and review the work of staff.Manage a project or assignment from inception to completion.Organize and prioritize multiple assignments, work with limited supervision, and make sound independent decisions.Independently perform special studies and other assignments involving collection, organization, and analysis of data.Understand, interpret and apply policies, procedures, laws and regulations to federal, state, and local funded programs.Maintain confidentiality.Complete tasks accurately and in a timely manner.Prepare clear, accurate, and concise tables, schedules, summaries, and other materials in statistical and narrative form.
Qualifications
Minimum QualificationsAny combination of education and/or experience that provides the required knowledge, skills, and abilities to perform the essential functions of the position. Experience, as outlined below, may be substituted for required education on a year-for-year basis.
OPTION 1:Graduation from an accredited four-year college or university with a major in business administration, finance, accounting, or related field, along with eight (8) years of experience as a Budget/Financial Analyst or in a similar role involving accounting, reconciliation, budgeting, audit, and/or grant management in public, non-profit, and/or private sectors, including three (3) years of supervisory-level or lead experience.
OPTION 2:Ten (10) years of experience as a Budget/Financial Analyst or in a similar role involving accounting, reconciliation, budgeting, audit, and/or grant management in public, non-profit, and/or private sectors, including three (3) years of supervisory-level or lead experience.
Desirable QualificationsExperience in budget development.Experience in grant management.Experience with federal and state programs.Experience in the development of cost allocation models.
Additional Information
Equal OpportunityThe LACDA is an equal opportunity employer. We are committed to creating a workplace culture that embraces diversity, equity, and inclusion to advance our mission of building better lives and better neighborhoods.
Reasonable AccommodationIf you are an individual with a disability and need to request reasonable accommodations under the Americans with Disabilities Act (ADA), please call the LACDA, Human Resources at (626) 586-1687 or via email.
Application ProcessTo be considered, all applicants are required to apply online by the filing deadline. Applications will be reviewed for possession of minimum qualifications and evaluated according to the essential functions of the job. In the Work Experience section of the application, applicants must demonstrate their experience by providing a clear description of the work performed as it relates to the position. Each job held must include the dates of employment, name and address of the employer, position title, hours per week, and supervisor. Please note resumes will not be reviewed to determine qualifications.
Supplemental questions are considered a part of the application process and must be carefully answered. All required questions must be completed before the application can be submitted. The supplemental questions will be used to evaluate the applicant's education, training, and experience. Depending on the size of the applicant pool, the supplemental questions may be used as part of the supplemental screening.
To receive credit for required education, applicants must attach a copy of their degree or official/unofficial transcripts. Please note foreign degrees (or degrees completed outside of the United States) require an evaluation of U.S. equivalency conducted by a credential evaluation service.
Please include three (3) professional references in the "Reference" section of your application. Failure to comply with this application process may result in disqualification.
Screening and Selection ProcessFollowing the review of application materials, the most qualified candidates will be contacted via email and text messaging, if elected, for an assessment test and/or interview. Please check the email account provided on the application for important communications regarding the status of your application and/or next steps.
Salary CompensationSalary compensation is dependent on qualifications (experience, education, knowledge, skills, and abilities). Initial salary placement is generally made between the start and mid-point of the posted range. New hires are not eligible to start at the maximum of the posted range.
Conditions of EmploymentCandidates selected from the process will receive a conditional offer of employment contingent upon successful completion of satisfactory reference checks, a post-offer medical examination, and criminal background check. Background check information will be considered in determining the applicant's suitability for the position.
Candidates must possess a valid California Class C Driver's License, an acceptable driving record, and must comply with the LACDA's Motor Vehicle Safety Policy during employment.
Failure to meet these pre-employment requirements will be grounds for withdrawal of the conditional offer of employment.
Proof of authorization to work in the United States will be required at the time of hire.
Employment with the LACDA is at-will and may be terminated at any time with or without cause.
FILING DEADLINE: MONDAY, SEPTEMBER 23, 2024 @ 11:59 PMAPPLY IMMEDIATELY, POSITION MAY CLOSE WITHOUT PRIOR NOTICE.
RECRUITMENT NUMBER: 24061-I
As a regular full-time employee you are eligible to receive the following benefits offered by the Los Angeles County Development Authority (LACDA):Thirteen paid holidays*Ten days (80 hours) of Vacation based on years of service up to twenty days (160 hours) of vacation time subject to the conditions listed under LACDA Provided LeaveTwelve days (96 hours) of sick time subject to the conditions listed under LACDA Provided LeaveOne (8 hour) floating holiday (must be utilized by December 31)$10,000 group Term Life and Accidental Death & Dismemberment Insurance PolicyShort term and long term disability insurancePaid jury duty and witness leave up to 176 hours per yearPaid bereavement leave up to three days is permitted in the event of death of an immediate family memberMedical / Dental / VisionFlexible Spending Accounts (Health Care & Dependent Care)Supplemental Employee and Dependent Life InsuranceEmployee and Family Accidental Death & Dismemberment InsuranceEmployee Assistance ProgramCalPERS457 Deferred Compensation PlanBilingual Pay (if applicable)
In addition to the above, the LACDA's Flexible Benefits Plan is authorized under Section 125 of the Internal Revenue Code, and permits employees to use pre-tax dollars to pay for their portion of the cost of benefits under the Plan through "Salary Redirection" arrangements.
As part of this plan the LACDA will contribute $1000.00 per month, effective on the first (1st) of the month following the completion of one (1) full month of compensated service.
CalPERS:
Classic Members
Members who established membership prior to January 1, 2013Employee Contribution is 7% of base salary: Member contribute 2.5% of base salary and LACDA Contributions 4.5% of base salaryLACDA Benefit Factor: 2% at age 60
PEPRA Members
Members who established membership after January 1, 2013Employee Contribution is 8.25% of base salaryLACDA Benefit Factor: 2% at age 62
*Traffic Court Specialist (TCS) employees receive one additional holiday.
For additional benefits information, please visit our website - www.lacda.org#J-18808-Ljbffr